Month: December 2008

I’ve been sweating wether or not to shed Alcoa for the last few days, and I have just this morning come to a definitive resolution, it has to go. The logic for keeping Alcoa is that it is a potential acquisition target (in such a case the acquiring company would…

The above charts are Heinz (HNZ) for the last couple weeks. I don’t know why the resolution turned out so bad, but I don’t really have time to fix it. Essentially it hit it’s 52 week low earlier this week and then has been relatively flat. It looks to me…

The chart above is of USX (X) and Alcoa (AA) compared to the Dow Jones Industrial Average for yesterday. Yesterday is not the kind of day that happens often. However, when you make smart investing moves you occasionally get rewarded with a huge day. Yesterday, on the wings of Alcoa’s…

This kraut is especially sour, but there are a few things I wanted to comment on: I’m a pretty successful young man, but I’m sure that Obama’s Lead Speach Writer (at 27 years old) is more wealthy and powerful then I will be at his age. Unfortunately for him, when…

A whole bunch of things caught my eye as I flipped through the evening’s Post-Gazette. The pension fund is in serious serious serious trouble. If the markets were up 25% this year instead of down 25%, the pension fund would be in serious serious serious trouble. I am impressed that…

A couple of places where the national news covered companies in the Investing Pittsburgh portfolio over the last couple days: Alcoa is the worst positioned aluminum producer in the world by the WSJ. That news (and the general decline) has Alcoa HURTING this morning, down around 10%. They do raise…

Schultz pointed out that I should look at AEO for the fund. In fact, I have. I am avoiding retailers like the plague right now. Especially anyone who is not Walmart or Target (and unfortunately neither of those are Pittsburgh based). That being said, I think that AEO is a…

I’m going to be adding a segment to the blog called “Investing Pittsburgh.” It will focus on business in the burgh and how to invest in it. Many financial experts will tell you that if you want to invest your own money, it is important to segment the market and…

So after a crazy week back in the burgh for Thanksgiving, I’m as far behind at my actual job as I am in the burghosphere. Consequently, I have to be brief and get to the job that pays the bills. However, I thought you would like to see this: (CNN)…